One of the biggest challenges that many people face when trying to pay off debt is finding money to apply towards their debts. In order to pay off your debt, you have to pay more than the minimum payment, but this can be hard to do when you’re having trouble just making ends meet each month.
So where can you find additional money to apply to your credit card debts each month? Here are several ideas:
Tax refund: Do you typically get a large tax refund each year? If you do, then you can apply part or all of the refund to your debts. In addition, you should adjust your withholding so that less taxes are withheld from each check; you’ll get a smaller income tax refund, but you’ll have more money to apply towards your debt payments each month. The last thing you want to do is give Uncle Sam an interest free loan when you have high interest credit cards!
Savings: Nobody wants to cash out their savings account to pay off credit card debt, but when you have credit cards that are costing you 18% or more in interest each month and your savings are only earning 4% (or less), […]
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After pay, health insurance is the most important inducement small businesses use to recruit and keep employees motivated. Yet many employers are finding the ability to provide cost effective health insurance more challenging as premiums continue to rise and the options available continue to decrease. Employers are beginning to think 0out of the box0 and are looking at new ways to offer their employees benefit programs, and to keep them motivated.
NAPEO, the National Association of Professional Employer Organizations, conducted an employee benefits survey in November, 2007 of its members0 clients to understand the concerns of small and medium-sized employers. NAPEO is an organization that represents firms, PEOs, which specialize in providing human resources support and employee benefit packages to small and mid-sized employers nationwide. Mirroring the sentiment across the country, the trade association found that health care costs were their second-biggest worry after attracting workers.
The survey also revealed that more than half of the 365 small businesses surveyed said their premiums rose as much as 10 percent this year, and almost one in 10 told NAPEO they would dump their health coverage next year or are unsure about it. Many of these companies said they will pass at least some […]
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Most organizations make it too hard for leaders and their colleagues to understand what must be done. They publish long lists of values and proper actions, but those lists overwhelm those who seek true understanding . . . especially when a new circumstance arises.
A much better approach is to identify a key operating principle that everyone can easily apply to whatever situation comes up. This not only saves time; it also encourages action over inaction.
Let’s look at an example. Charles Schwab, the discount stock broker, has always based its business on providing good service to its customers at the lowest possible cost. That’s the key operating principle that guides everything done at Charles Schwab.
It turns out that this operating philosophy is a perfect fit for what customers want and matches a key irresistible force in the brokerage industry. Let’s see why.
In the early days, the company found that customers who placed an order to buy or sell a security wanted to find out what had happened to their orders. Charles Schwab obliged its customers by placing calls promptly to let them know. To reduce its costs to provide this service, the company became a pioneer in developing computer […]
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